Thursday, 20 October 2011

Leaves are dropping, but the chances of selling your home might not

As the leaves begin to fall, there’s a perception that housing market falls too. To this we say, yes and no.

With students back in school and people getting back to their routines after summer vacations, there can be a dip in real estate buying and selling activity. However, the fall can be the best time to list your home.

Keep in mind the right buyer can pop up at any time because of the unpredictable nature of people’s housing needs (unexpected moves because of the job market, changes in family situation or need to downsize). So, there’s no “bad” time to list your home.

A slower market doesn’t mean it’s completely dead. There are always buyers looking and with less homes on the market, your chances of attracting an offer from a motivated buyer is much greater than when the market is flooded with options. Also this year, more and more people are getting into the market as first-time buyers or buying second homes as investments to take advantage of low interest rates.

If you choose to list your home through the fall season, it's even more important to keep your property looking neat and clean. Take the extra effort to rake leaves, cut back plants and remove flowers that are past their summer-time prime. Also, the fall means a lot of naked trees in your yard and your house will be more exposed. It might be a good time to paint your trim and give your home a nice, refreshed look.

If you have questions about the real estate market or are considering selling your home, contact realtors Gene and Bill. We specialize in the South Surrey, North Delta, Vancouver, Tsawwassen, White Rock, Clayton and Ladner areas.